State regulators also shut down New York-based Signature Bank on Sunday. This made it the third-largest failure in US banking history. News of the Signature Bank failure follows Friday's shutdown of Silicon Valley Bank. It was the second-largest banking collapse in US history after the Washington Mutual disaster during the 2008 recession.
The Federal Deposit Insurance Corporation (FDIC) took control of Signature Bank, which had $110.36 billion in assets and $88.59 billion in deposits at the end of last year, according to the New York State Department of Financial Services.
The US Treasury Department and other bank regulators said in a joint statement that all depositors of Signature Bank and Silicon Valley Bank will be paid and taxpayers will not suffer any loss.
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Due to this, tax exemption was given on income up to 12 lakhs, Finance Minister Nirmala Sitharaman told the inside story.
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Farmer Protest: Farmers protested by parking tractors on the Doon-Delhi Highway, and buses going to Delhi were affected due to the agitation.
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Delhi Police Crime Branch will investigate the Parliament scuffle case, FIR registered under 6 sections.
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